How big is the Europe Craft Spirits Market?

The Europe Craft Spirits Market size is expected to reach USD 3.83 billion in 2024 and grow at a CAGR of 12.66% to reach USD 6.95 billion by 2029. Read More

What is the current Europe Craft Spirits Market size?

In 2024, the Europe Craft Spirits Market size is expected to reach USD 3.83 billion. Read More

Who are the key players in Europe Craft Spirits Market?

Pernod Ricard , Diageo PLC , Suntory Holdings Limited , Bacardi Limited and Rémy Cointreau are the major companies operating in the Europe Craft Spirits Market. Read More

What years does this Europe Craft Spirits Market cover, and what was the market size in 2023?

In 2023, the Europe Craft Spirits Market size was estimated at USD 3.40 billion. The report covers the Europe Craft Spirits Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Craft Spirits Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Craft Spirits Industry - Forecast, Analysis & Market Size

Europe Craft Spirits Industry Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Europe's Craft Spirits Market is Segmented by Type (Whiskey, Gin, Vodka, Brandy, Rum, and Other Types), Distribution Channel (On-trade Channels and Off-trade Channels), and Geography (Germany, United Kingdom, France, Russia, Spain, Italy, and Rest of Europe). The report offers market size and values in (USD Million) during the forecast years for the above segments.

Europe Craft Spirits Industry Overview

The market studied is competitive, with a wide range of brands from micro-distilleries offering artisanal products. The market positioning of players is dynamic, as small, independent distillers are emerging and taking the market share in the region. New brands of craft spirits are launched regularly. The most used corporate strategies used by the players operating in the market include product launches and acquisitions. The top players in the market include Pernod Ricard, Diageo PLC, Suntory Holdings Limited, Bacardi Limited, and Rémy Cointreau. Multinational producers of spirits, on realizing that one of the key consumer appeals of craft spirits is the focus on quality in terms of ingredients, as well as the authenticity, simplicity, and transparency of production, have begun to react with marketing campaigns focusing on these elements.